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VN becomes world’s top frontier market
Vietnam is the leading frontier market in the world, according to a Bloomberg Markets Magazine survey.
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| The stock market is forecast to rebound this year |
In its March issue, Bloomberg Markets reports that the Southeast Asian economy ranked first among the most 15 promising frontier markets for investors, scoring a total of 71.4 points.
The United Arab Emirates came in second with 66.9 points and Bulgaria and Romania tied for third place with 61.4 points.
The rankings were based on data and forecasts of GDP growth, inflation, government debt levels and investment from the International Monetary Fund (IMF), World Bank (WB) and Bloomberg.
Vietnam is expected to achieve accumulative GDP growth of 31.4 percent from 2012-2016, maintain an annual inflation rate of 6.8 percent and keep public debts at 46.3 percent of total GDP.
Although the IMF forecast that its inflation is likely to be one of the highest among the 15 surveyed countries, Vietnam ranked first in part because of its rapid economic expansion.
Several Middle East nations such as the UAE, Kuwait and Qatar came behind Vietnam as their economies greatly rely on oil exports.
In its survey, Bloomberg Markets Magazine also announced the list of the most promising emerging markets for investors. China took the lead, followed by Thailand and Peru.
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